I have purchased LIC Money Plus policy in 2007. The term of this policy is 20 years, I am paying Rs. 10000 p.a.. Please advice future of this policy or should I exit?
I have purchased LIC Money Plus policy in 2007. The term of this policy is 20 years, I am paying Rs. 10000 p.a.. Please advice future of this policy or should I exit?
In LIC money plus - for Rs.10,000 premium for the first 3 years - Rs.4850 is deducted as the charges. Remaining Rs.26150, is invested in stock market.
There are four types of fund - Bond Fund, Secured Fund, Balanced Fund & Growth Fund. In which fund your money is invested in?
The Policyholder’s Fund Value at the date of surrender will be paid in case of surrender.
Current NAV of the Policy is 15.4434 and Absolute Returns : 8.05%.